CMS released a list of payers organized by how much they were paying in medical loss ratio member rebates for the 2020 reporting year. Altogether, payers returned about $2 billion to members.
Here are the 10 payers issuing the largest total rebates between individual, small group and large group markets:
1. Health Care Service Corporation (Texas): $198,692,133
2. Blue Cross and Blue Shield of Florida: $184,353,573
3. HealthKeepers (Virginia): $91,903,937
4. QCC Insurance Company (Pennsylvania): $87,062,184
5. CareFirst BlueChoice (Maryland): $68,346,109
6. Blue Cross of California: $66,676,788
7. Optima Health Plan (Virginia): $54,509,135
8. Anthem Health Plans of Virginia: $40,433,982
9. Health Care Service Corporation (Illinois): $36,971,789
10. Health Net of Arizona: $36,767,581
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